The Nikon Monarch 2-7x32 should work just fine on your 30-06 for hunting of deer & elk.
The magnification power of 2-7x is all anyone really needs for big game hunting. I have
a Leupold 2-7x 33mm, and get all the light I can use (have it on my 270Win.).
Just really depends on the price - is your friend giving you a decent deal?
Here's a link to a good outfit to get scopes from, and can use it to check out prices if nothing else.
Link: SWFA:
http://www.riflescopes.com/store/default.asp